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Jan 31, 2013
01/13
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LINKTV
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the-macau -- macau for what it can offer. >> does not make it the wrong business model. >> more gaming seems to be the draw. there may be no rush to gamble on anything else. >> flood waters are receding in mozambique's. 150,000 people were forced from their homes -- flood waters are receding in mozambique'. many areas are still under water. at least 38 people died in the floods. the australian prime minister visited the ravaged queensland town. flood waters caused extensive damage. damage.
the-macau -- macau for what it can offer. >> does not make it the wrong business model. >> more gaming seems to be the draw. there may be no rush to gamble on anything else. >> flood waters are receding in mozambique's. 150,000 people were forced from their homes -- flood waters are receding in mozambique'. many areas are still under water. at least 38 people died in the floods. the australian prime minister visited the ravaged queensland town. flood waters caused extensive...
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Jan 9, 2013
01/13
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CNBC
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coming up, inside look at mgm's move into macau. the ceo is here with its plans to stay one step ahead of the competition. and later on, former goldcorp ceo is here with a shocking call on gold. you will not believe where he thinks gold is headed next. [ male announcer ] staples is the number-one office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. saved $480 bucks. you know what that is? yeah. don't say it. so you know what it is, right? yeah, yeah, don't. that's a lot of dough! ♪ [ male announcer ] switch and you could save $480 bucks with state farm. >>> mgm getting the green light to build a second casino in macau today. macau is the world's largest gambling center, earning six times gambling revenue than las vegas. the shares are up 23% since then. joinings now in an exclusive from las vegas is jim moren. great to people with you. >> thank you vefor having me. >> how important will this project be in terms of mix
coming up, inside look at mgm's move into macau. the ceo is here with its plans to stay one step ahead of the competition. and later on, former goldcorp ceo is here with a shocking call on gold. you will not believe where he thinks gold is headed next. [ male announcer ] staples is the number-one office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. saved $480 bucks. you know what...
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Jan 14, 2013
01/13
by
KPIX
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the glitter, the glamor the gambling, but macau is no vegas, baby. >> macau as a market will jen raid more gaming revenue by a factor of 4 minnesotaet 5 to five times of nevada. >> reporter: the las vegas original is big. this one on the chinese island of macau is bigger three times bigger than any casino in las vegas. these luxury shops, the most profitable retail space in the world. >> we move about 137,000 people through here a day. >> reporter: a day. >> a day. two months ago son las vegas executives came through and arided on a sunday evening around one of the executives looked at me and said we weren't this busy on new year's eve. >> reporter: china let them in in 2002. they expect to take in $62 billion from gambling compared to $13 billion in nevada. it's enough to put macau on the map and the big screen. >> bond. james bond. >> reporter: not bad for a recently down-on-its-luck portuguese colony off the coast of china. what's going on? >> there's a growing rise in the wealth. there's an economic boom that's happening in china. >> reporter: mccaw is the only place in china wher
the glitter, the glamor the gambling, but macau is no vegas, baby. >> macau as a market will jen raid more gaming revenue by a factor of 4 minnesotaet 5 to five times of nevada. >> reporter: the las vegas original is big. this one on the chinese island of macau is bigger three times bigger than any casino in las vegas. these luxury shops, the most profitable retail space in the world. >> we move about 137,000 people through here a day. >> reporter: a day. >> a day....
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Jan 3, 2013
01/13
by
KICU
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eye 173
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revenues here. > > especially if you are counting on china heating back up, macau is a great play. las vegas sands has a great, great presence there. wynn as well. any of those stocks. if you really think the macau picture is going to get good and las vegas itself picture could be heating up, then las vegas sands or wynn are really both excellent plays. > what about the car companies? we are supposed to sell, what, 15 million cars in the coming year? what do you think about that? would you buy gm, ford, any of those? > > i like ford. gm is kind of a tough nut now. the nice thing about gm is it has a floor at around $27.50, because that is where they have to buy stock back from the federal government. but, until that federal government overhang goes away, i am steering clear of gm. i like ford for all the great fundamental reasons that it never actually had to borrow money. and it just keeps going higher. i think ford really has their stuff together right now. > good to have you on the show. that is mark sebastian. thanks mark. the fiscal deal between congress and president obama ra
revenues here. > > especially if you are counting on china heating back up, macau is a great play. las vegas sands has a great, great presence there. wynn as well. any of those stocks. if you really think the macau picture is going to get good and las vegas itself picture could be heating up, then las vegas sands or wynn are really both excellent plays. > what about the car companies? we are supposed to sell, what, 15 million cars in the coming year? what do you think about that? would...
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Jan 22, 2013
01/13
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CNBC
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>> i think sheldon addelson has proved what he can do in macau and singapore. basically, developments cost a lot of money. it takes four or five years to build them. in the meantime, we generate an enormous amount of free cash. i think you'll see that more going forward. >> there's reports that people are looking at the sale of $1 billion. can you comment on that? >> i think we are investigating the possible sale of bethlehem. if we get our price -- we think it may not fit in the long run for our company. it's a smaller product. we'll probably look to sell it. however, somebody's got to pay the price. we're just as happy to keep it. we're taking a look at the market at this point. >> $1 billion i hear. you put $800 million into it. >> we have $800 million into bethlehem. it generates about 115 to $125 million on an annual basis. it's more likely that property would do better, even with a regional operator, like some that exist in the business. or someone who wants to be in that business. as i say, we have a great relationship with the city of bethlehem. the peo
>> i think sheldon addelson has proved what he can do in macau and singapore. basically, developments cost a lot of money. it takes four or five years to build them. in the meantime, we generate an enormous amount of free cash. i think you'll see that more going forward. >> there's reports that people are looking at the sale of $1 billion. can you comment on that? >> i think we are investigating the possible sale of bethlehem. if we get our price -- we think it may not fit in...
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92
Jan 15, 2013
01/13
by
CNBC
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eye 92
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nonetheless, steve wynn has put a lot of resources into macau, the vegas of china. things are getting better over there. i think wynn's a buy. then there's companies like boeing, which rallied despite terrible press. all of these companies that expanded rapidly around the globe and they have been roaring despite no research-oriented news that would make you feel all warm and fuzzy about the numbers. you can even consider dell part of this trend. yes, dell, the big service company that has been hurt by this rapid expansion at a time when no one trusted overseas markets. now dell might actually go private. ♪ hallelujah and it would make sense because half of dell's revenue comes from overseas. big companies with exposure to europe is doing terrifically. both have been kept back by worries. both ceos have said over and over, it's an issue. how about ford and general motors? have you seen these two? ford may have the best chart in the book. it's screaming. company doubled its dividend and getting european losses under control while china and latin america turned the c
nonetheless, steve wynn has put a lot of resources into macau, the vegas of china. things are getting better over there. i think wynn's a buy. then there's companies like boeing, which rallied despite terrible press. all of these companies that expanded rapidly around the globe and they have been roaring despite no research-oriented news that would make you feel all warm and fuzzy about the numbers. you can even consider dell part of this trend. yes, dell, the big service company that has been...
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. >> mgm receiving official approval for a $2.5 billion macau casino resort, it will have 500 gambling tables and 2500 gambling machines. >>> black may bid for hostess brands snack business. apollo is teaming up with a big name food executive to take control of the bankrupt company and save the twinkie. >>> morgan stanley is cutting 6% of the its workforce within its institutional securities business. as fox business first reported half the layoffs will be in the u.s., half internationally. >>> the smartphone that revolutionized the cell phone industry is celebrating its sixth birthday. iphone unveiled by steve jobs six years ago today. that is the speed read with time to spare, ash. ashley: wow! that was so smooth. look at you. [buzzer] with style. very good. lori: thank you. ashley: all right a few years ago at ces liz put corning's gorilla glass to the test and went kung fu on it. and it survived anyway. liz gets to look at corning's latest technology and she might even test a few things. we'll be right back. ♪ . look, if you have copd like me, you know it can be hard to breathe,
. >> mgm receiving official approval for a $2.5 billion macau casino resort, it will have 500 gambling tables and 2500 gambling machines. >>> black may bid for hostess brands snack business. apollo is teaming up with a big name food executive to take control of the bankrupt company and save the twinkie. >>> morgan stanley is cutting 6% of the its workforce within its institutional securities business. as fox business first reported half the layoffs will be in the u.s.,...
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Jan 23, 2013
01/13
by
CNBC
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at an auction in macau in 2010, this two-pound white truffle sold for $330,000, a record amount. it's not like agriculture. people don't put a seed in the ground. >> no. >> and they're a fungus. >> yes, they're underground fungus. >> so the farmer really can't make it happen? >> no, they can't do anything. we can't do anything. you're always on the phone, many telephones, saying, "sorry, sorry, i don't have. i don't have." and i wish i had 100 tons a day to make everybody happy. >> in france, the truffle is so revered that in the village of uzes, a special mass is held in its honor. churchgoers not only put money in the collection plate, they also add truffles. there's a reason for the special prayers. because of climate change, the harvests are down from an annual haul of 2,000 tons of truffles 100 years ago to just 30 tons today. the scarcity and high prices have attracted elements of organized crime, who've turned the truffle trade into something resembling the drug trade. >> [speaking french] >> the reality is, behind the popularity of the truffle lies a dangerous world. >> m
at an auction in macau in 2010, this two-pound white truffle sold for $330,000, a record amount. it's not like agriculture. people don't put a seed in the ground. >> no. >> and they're a fungus. >> yes, they're underground fungus. >> so the farmer really can't make it happen? >> no, they can't do anything. we can't do anything. you're always on the phone, many telephones, saying, "sorry, sorry, i don't have. i don't have." and i wish i had 100 tons a day...
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52
Jan 31, 2013
01/13
by
CNBC
tv
eye 52
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on a valuation basis, if you are not seeing that growth in macau as jane pointed out, that's where the bulk of the revenue is, 3.8 versus 1.5 in nevada. i think you probably can take a little off the table here. >> all right, coming up next, the war between netflix and cable intensifies. >> i'm a powerful friend to have right now. perhaps your only friend. >> netflix debuting its first ever series called "house of cards" starring kevin spacey. a look at whether the pricey gamble will pay off. >>> apple's rotten run. shares see its worth month in years. get in while the going's touch? we get the answers. >>> and are whirlpool shares on the verge of overheating? we tackle that question in a good old fashioned street fight. back right after this. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i
on a valuation basis, if you are not seeing that growth in macau as jane pointed out, that's where the bulk of the revenue is, 3.8 versus 1.5 in nevada. i think you probably can take a little off the table here. >> all right, coming up next, the war between netflix and cable intensifies. >> i'm a powerful friend to have right now. perhaps your only friend. >> netflix debuting its first ever series called "house of cards" starring kevin spacey. a look at whether the...
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Jan 12, 2013
01/13
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KPIX
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eye 281
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we'll visit the new number one, macau. >>> plus five things choosing a doctor online. for one thing, don't trust the reviews. we'll see you on monday on "cbs this morning." >> next week a preinaugural edition of "cbs this morning." we'll be in washington one day before barack obama is sworn in for his second term as president. we're going to leave you now with another tune from shelby lynne. the title track from her latest el bum "revelation road." have a great weekend, everybody. ♪ thought they had it on me pl but the truth lay upon me like a mississippi river runs deeper on the coast ♪ ♪ i don't know what happened i was acting on my passion wearing lady's fashion i wandered in the cold ♪ ♪ then it came upon me in a midnight dream as it often goes ♪ ♪ as a gambler i can't hide my debts as a sinner and a soul pardon me if i forget what i've already been told ♪ ♪ you can't hold it against me men i'm a revelation road ♪ ♪ ♪ fire and brimstone paved the way both hands together every day nothing better to do but pray and put your head in the sand â™
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Jan 2, 2013
01/13
by
CNBC
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the macau casino jump ed to a record and coming from china. >>> reacting to the fiscal cliff deal and steve will tell us how it affects the year ahead. >> we have jobs this week, so focused on the other stuff. we'll get to that in a second. while we partially avoided the fiscal cliff, that keeps the u.s. on track for a fiscal drag of 1 to 1.5% gdp depending which economist you talk with. they say the deal is about in line with their expectations. here's one that modified what happened. payroll tax cuts expires 0.5% gdp, tax cuts on wealthy, probably 0.1 to 0.2 i penciled. health care taxes 0.1% hit and previous spending cuts.0.1% and what happens to the sequester, 0.2 or 0.5%, we expect the sequester to mostly be postpo postponeed for 2013 and offset by tax increases that phase in more gradually the next several years. they thank that halfw-- they th that halfway point goes away. and keeping the taxes from hitting most of the public. why is that so hard? and saying we expect businesses and consumers to remain cautious until these issues are resolved and the financial market will remai
the macau casino jump ed to a record and coming from china. >>> reacting to the fiscal cliff deal and steve will tell us how it affects the year ahead. >> we have jobs this week, so focused on the other stuff. we'll get to that in a second. while we partially avoided the fiscal cliff, that keeps the u.s. on track for a fiscal drag of 1 to 1.5% gdp depending which economist you talk with. they say the deal is about in line with their expectations. here's one that modified what...